Forward Air’s 2Q Profit Falls

Forward Air Corp.’s second-quarter net income fell to $2.8 million, or 10 cents per share, compared with a profit of $12.1 million, or 42 cents, a year ago.

Revenue fell 18% to $99.7 million, the company said late Monday. The earnings-per-share was within its guidance of 6 to 12 cents per share.

Income from operations, fell to $4.9 million, compared with $20.3 million in the prior-year quarter.

Forward Air, a contractor to the air cargo industry, is ranked No. 54 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.